The Kuwait Stock Exchange closed even at 5,867 points. National Bank of Kuwait ended flat, while Al Rai Media Company extended its rally posted the largest advance. Trading was more than lacklustre as all eyes remain on the EU summit on December 9th. Gary Dugan, Chief Investment Officer Private Banking at Emirates NBD in Dubai said in his latest commentary: “All of the ECB measures are about buying time for the politicians to bring more longterm structural reforms
structural reforms(…)To be fair these are extraordinary times requiring extraordinary events to overcome the crisis; however we doubt that Euro zone countries will be able to ditch their nationalism in favour of doing things for the greater good of the Euro.”